How many newbies are mining? - page 17.

jalidi

newbie

Activity: 23

Merit: 0

First found out about this like first week of June.

Wish I had known about it earlier, but I've been running my 6970 since about the 8th when I figured out pool mining.

Sucks that the difficulty went up, I went from 2/3's of a coin just under 1/2 a coin a day, running about 380 Mhash/sec.

Even coming in at this late stage in the game should let you recoup at hardware investment costs. I'm building a new Crosshair V system with three 6970's (maybe 1.2 Ghash/sec) and I'm fairly certain that I'll break even on it and have a nice gaming system all paid for in the end if the market doesn't totally collapse between now and the end of the summer.

I was debating solo mining but I think I'm going to stick to pooled mining after the difficulty increase. And it's going to increase every two weeks, they say? The party is not yet over, but we're definitely late. Enjoy it while it lasts.

computerparts

sr. member

Activity: 378

Merit: 250

Quote from: optimusprimal on June 15, 2011, 03:59:25 PM

haha yeahhh it's not that smart to go drop a ton of money on equipment if you don't have free elec...

BUUUUUT

I did do something with questionable ethics and i honestly don't care, but i'll do anything in the name of "science" and experimentation

Go to Frys Electronics, buy the equipment you need to mine for some serous time, mine for 28 days and return your equipment for full price, minus the intrest you accrued on your CC.

BOOM instant profit, no investment other than elec and intrest. That'll get you your first high end video card...

at least that's how i did it...

but i already had an amazing mobo and 1200 W psu sitting around....

not a suggestion but just a way to get things done...

rules are there to protect the people who don't understand when to bend them...

You reap what you sow. Just pray they don't find out what you're doing.

optimusprimal

newbie

Activity: 3

Merit: 0

haha yeahhh it's not that smart to go drop a ton of money on equipment if you don't have free elec...

BUUUUUT

I did do something with questionable ethics and i honestly don't care, but i'll do anything in the name of "science" and experimentation

Go to Frys Electronics, buy the equipment you need to mine for some serous time, mine for 28 days and return your equipment for full price, minus the intrest you accrued on your CC.

BOOM instant profit, no investment other than elec and intrest. That'll get you your first high end video card...

at least that's how i did it...

but i already had an amazing mobo and 1200 W psu sitting around....

not a suggestion but just a way to get things done...

rules are there to protect the people who don't understand when to bend them...

btcash

hero member

Activity: 968

Merit: 547

I think it is a waste of time and energy to start minig.
Difficulty increases 50% every every two weeks and makes new hadware unprofitable.

The only way for newbies to profit by BitCoins is daytrading or longterm investments.

Slab Squathrust

full member

Activity: 169

Merit: 100

I am mining. Got two 5870s running 24/7 using free electricity!

tehcodez

newbie

Activity: 42

Merit: 0

That mining dog has gone to hunt. If you haven't started, don't.

Given the difficulty, only btc to be mined now is by miners who already have rigs.

Byung

newbie

Activity: 14

Merit: 0

I am just about to jump onto the bandwagon Cheesy

luckily in my rig right now I have crossfired 5850's

DallasCoinCo

newbie

Activity: 10

Merit: 0

I have been mining about 40%? of the time for 11 days. Received .76 bitcoins so far.
I pool with mining.bitcoin.cz as it's not practical for hobby miners to mine solo.

My setup is a single GTX460 that mines when im not playing vidya games

I have spare boards and psu's, as well as a 8800gtx and a hd3850 from older computers that I have started to rebuild to mine.

http://i55.tinypic.com/fc430z.jpg

Also, I mine (process transactions) to contribute to the bitcoin community. It's a win/win Cheesy

honeybadger

newbie

Activity: 17

Merit: 0

I just plunked down the cash for 2x 5830. Hopefully Purolator Express gets them here by the weekend. Then I can join your esteemed ranks!

I wish I had started a year and a half ago when I first heard of BTC mining. Oh well...split milk and all that.

DarthMagma

newbie

Activity: 7

Merit: 0

Started about a week ago, almost exclusively CPU mining since I'm running mostly low-end nVidia and a get more from the CPUs than the GPUs. That said, I'm just setting up a couple 6970 rigs and am in the process of optimizing. I've got a few questions but haven't hit the newbie threshold to post any questions in the relevant mining threads. Only a couple more to go! Currently mining at 500-800 MH/s.

wndrbr3d

hero member

Activity: 914

Merit: 500

I started earlier this week on my Q6600 with a 295GTX. Needless to say I had Amazon overnight me a 6870 to replace the nVidia card Wink

I'm trying to get ufasoft running on my 24-core Xeon server, but it's giving me issues Tongue

aXe

newbie

Activity: 33

Merit: 0

I'm mining for about a week now, just testing how erverything works

currently running 1 5850 but there will be another Card in there soon

But due to the big difficulty increasement I am not so exited anymore as I was when i started Cheesy

...

P.S.: where can i get an invitation for Bitcoinmarket.com
And is it possible that the Total Network Hashes just increased to ~13.000THash/s ? just after difficulty increasemend?

Lugard

newbie

Activity: 42

Merit: 0

Im mining... doing about 225 m/h with my main 6830. Hoping to add a video card to my wifes comp to start mining from there as well... plus better for her games

zerokwel

sr. member

Activity: 464

Merit: 250

i get 180mhash on stock with a 5770 just had to add -v -w 128 -f 0. the CCC util for some reason is not overclocking my card so going to have to play around with that later.

finnthecelt

full member

Activity: 140

Merit: 101

Quote from: 5grainsilver on June 15, 2011, 08:31:16 AM

Thought about it, but pretty sure I am late to this party.

If the exchange rate rises with difficulty you may not be late.

You may just want to buy BTC as you would invest in ounces of silver (I own both now).

finnthecelt

full member

Activity: 140

Merit: 101

Quote from: ?? on ??

i started since 2 week ago but i use nvidia and that'not good

Switch to ATI immediately. But you know this Tongue

5grainsilver

member

Activity: 69

Merit: 10

Thought about it, but pretty sure I am late to this party.

lebuen

full member

Activity: 126

Merit: 100

Started 2 days ago, doing around 1.3 GHash/Sec with 4x5850 (not running at full speed yet, have to improve cooling)

CBBlackWolf

newbie

Activity: 7

Merit: 0

I just started less than a week ago. I'm getting about 180-185 Mhash/s with my slightly overclocked 5770.

FractalUniverse

hero member

Activity: 1034

Merit: 558

looks like with difficulty rising it may soon become unprofitable to mine in some countries with high electricity costs. (until BTC value rises as well)

better to relocate your rigs to india Cheesy

Topic: How many newbies are mining? - page 17. (Read 24820 times)